Returns to scale

 

 

 

Returns to scale

 

Glossary of business

 

Definition of returns to scale

 

Returns to scale are the way in which changes in the quantity of inputs (factors of production) affect output. Increasing returns to scale (economies of scale) means that output increases by more than the increase in inputs and therefore unit costs are falling as output increases.

 

Source : http://business-tes.wikispaces.com/file/view/Glossary.doc

link: http://business-tes.wikispaces.com/

Author : not indicated on the source document of the above text

 

Terminology about business

 

Job world

 

 

Definition and meaning of returns to scale

 

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Meaning of returns to scale

 

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